• We came into first quarter with solid economic conditions.
  • Markets continue to function well.
  • Tariffs will push up inflation pressures.
  • Tariffs announcements are very significant.
  • China trade issues are very big for economy.
  • Hard to invest in times of big uncertainty.
  • Current slate of tariffs are very high.
  • Modal view is for slower growth, not a downturn.
  • Financial market movements bear focusing on.
  • Won't rule out a downturn.
  • Hard to say when tariffs will impact inflation.
  • Would expect inflation "well over" 3% this year due to tariffs.
  • Sees mixed bag on longer run inflation expectations.
  • At this point, expectation is that Fed will need to hold steady for longer.
Fed's Collins
Fed's Collins
Source: Forex Live